This property looks like a bad Long-Term investment with a projected -15.99% first-year return on $134k initial cash invested.
-15.99%
Cash On Cash
3.43%
Cap Rate
0.53
DSCR
$3,641
Rent
-$1,784
Cashflow
Cash Flow
$3,641 income − $5,425 expenses = $1,784 out of pocket
Investment Breakdown
|
Purchase Price
$637k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$134k
Downpayment
20%
$127k
Closing costs
1%
$6,374
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,641
Total Expenses
$5,425
Mortgage P&I
94%
$3,426
Property Taxes
23%
$827
Home Insurance
6%
$226
HOA
0%
$0
Property Management
10%
$364
CapEx
5%
$182
Vacancy
6%
$218
Maintenance
5%
$182
Other
0%
$0